Week of June 24: Market Snapshot
Mixed economic data kept the equity markets constrained last week moving into the final days of the second quarter.
May retail sales figure came in below expectations with a gain of only 0.1%, while April’s retail sales figure was revised to a decline of 0.2%.
Manufacturing data painted a more positive picture of the economy, Industrial Production for May beat expectations with a gain of 0.9%.Capacity Utilization also came in above expectations with a reading of 78.7, its highest level in six months.